From: Larry Tighe (larryradio@worldnet.att.net)
Date: Wed Oct 06 2004 - 13:01:10 PDT
Howdy Folks,
Here's my insurance man's input on modified vehicles as seen from the NJ
point of view. The umbrella policy makes lots of sense.
Lar
www.antiquetelephone.com
Subject: Re: [MV] FW: [MV] Air over hydraulic brake information for possible
M35a2 swap?
> Lar, the insurance company requires an insured to have his car registered
> & therefore passed the N.J. auto inspection. If there was a lawsuit
> alleging that the modifications were the cause of the injury to another
> person, he would be covered up to the limit of the policy. How the fact
> the the car was modified would effect the amount of money the court would
> award, is anybody's guess, THEREFORE that person should have at least a
> $1,000,000 liability umbrella policy, in my view, since he could take the
> position that he has increased his risk by modifying his car. The standard
> is the auto inspection & registration for coverage to take place, with
> which the company could not "waive goodbye to the" owner, regards to all,
> Walter
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